Video: A Nice Simple View of Oil Economics

This video is entertaining to watch, quite clever, and right on many counts, and while the conclusion it comes to is certainly true, it really, really glosses over some other major economic factors at play. You know, factors like the housing bubble, lending large sums of money to witless morons, medical bankruptcies, and idiots who are in $6592 of shoe/video game related credit card debt have something to do with our financial woes as well.

However, oil dependency is holding us back, and we really, really need to start building a new energy economy. Hey, building infrastructure got us out of other recessions as well, didn't it?